China’s overwhelming manufacturing cost advantage over the U.S. is shrinking fast. Within three years, a Boston Consulting Group analysis concludes that rising Chinese wages, higher U.S. productivity, a weaker dollar, and other factors will virtually close the cost gap between the U.S. and China for many goods consumed in North America.
Bill Michels, president of ADR North America LLC, a specialty consulting firm that focuses on purchasing and supply chain management and senior vice president of the Institute for Supply management, recently sat down to discuss supply chain strategies, government intervention, and the future of American manufacturing. To read the interview, click here.